Q. What if I have less than perfect credit?
A. Generally 620 is the minimum credit score. Minimum credit requirements state that you cannot have any 30 day late mortgage payments in the past year.
Q. What is the VA Funding Fee?
A. With the Streamline Program the VA Charges 1/2% of the loan amount added to your loan (example
$200,00 loan = $1,000 funding fee). On a purchase loan the VA charges a 3% funding fee (example
$200,000 loan = $6,000 funding fee). The Va will waive this fee completely if you are receiving VA
disability benefits.
Q. What if I have refinanced once before?
A. You can refinance as many times as you like.
Q. How long does the process take?
A. Once we receive your signed application the process generally takes less than 30 days.
Q. Is an appraisal required?
A. For Streamline Refinances appraisals are required on a case by case basis.
Q. How can I receive an applications?
A. You can apply online by CLICKING HERE, or call 800-299-5390 and we can email, fax, or overnight you
the application.
Q. Does the VA set the interest rates?
A. No, the rates can change weekly, you can call 800-299-5390 and get today's current rates.
Q. What if I do not have my original Cerificate of Eligibility?
A. No problem, we can order that for you. |
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